RGB becomes first RRB in Odisha to launch ATM facility

BERHAMPUR: The Rushikulya Gramya Bank (RGB) launched its ATM RuPay card yesterday and became the first Regional Rural Bank (RRB) in Odisha to provide ATM cards to its customers. Managing Director (MD) and Chief Executive Officer (CEO) of National Payments Corporation of India (NPCI) A.P.Hota formally launched the card and distributed it among the customers at a function oraganised in the city on Thursday evening. This function was also attended by General Manager (RPCD) of Reserve Bank of India B.Chakraborty and chairman of RGB, P.V.S.T.R. Rao. Mr. Hota during his address described the Indian domestic card payment network RuPay set up by NPCI at the behest of banks in India. This project had been conceived by Indian Banks Association and had the approval of Reserve Bank of India. The chairman of the RGB, Mr. Rao said although an RRB, his bank continues to explore all possibilities to provide modern value added services to its customers who are mostly rural inhabitants. Mr. Rao said the RGB has already introduced National Electronic Funds Transfer (NEFT) and SMS alert facilities to its customers. According to him the services provided by the ATM cards introduced by the RGB are on par with services of any commercial bank. At present these ATM cards can be accessed at ATM centres of Andhra Bank, the sponsor bank of the RGB. The RGB authorities are confident that within a month they would be accessed at ATM centres of any bank in the country. The RGB also launched its Smart Card for implementation of Financial Inclusion Programme (FIP) in Ganjam and Gajapati districts on Thursday. It was launched by Mr. Chakraborty at Kanchudu village. The FIP service is extended to villages having no banking facility through Information and Communication Technology (ICT) model supported by Banking Correspondents and Smart Cards.

Source: The Hindu